CF Industries Holdings Inc (CF)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,762,000 | 1,765,000 | 1,618,000 | 1,729,000 | 2,248,000 | 3,066,000 | 3,506,000 | 4,462,000 | 5,095,000 | 4,926,000 | 4,096,000 | 2,802,000 | 1,543,000 | 575,000 | 703,000 | 552,000 | 463,000 | 453,000 | 595,000 | 766,000 |
| Revenue (ttm) | US$ in thousands | 5,936,000 | 5,983,000 | 5,886,000 | 6,089,000 | 6,631,000 | 7,668,000 | 8,716,000 | 10,330,000 | 11,186,000 | 11,118,000 | 10,159,000 | 8,358,000 | 6,538,000 | 5,100,000 | 4,585,000 | 4,201,000 | 4,124,000 | 4,071,000 | 4,262,000 | 4,560,000 |
| Pretax margin | 29.68% | 29.50% | 27.49% | 28.40% | 33.90% | 39.98% | 40.22% | 43.19% | 45.55% | 44.31% | 40.32% | 33.52% | 23.60% | 11.27% | 15.33% | 13.14% | 11.23% | 11.13% | 13.96% | 16.80% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,762,000K ÷ $5,936,000K
= 29.68%
The pretax margin of CF Industries Holdings Inc has shown some fluctuations over the past five years. Starting at 16.80% in March 2020, it decreased to 11.13% by September 2020 but then slightly improved to 13.14% by March 2021. Subsequently, there was a significant increase to 23.60% by December 2021, followed by a notable upward trend reaching 45.55% by December 2022.
However, the pretax margin saw a slight decline in the following quarters, dropping to 33.90% by December 2023. This downward trend continued with a decrease to 27.49% by June 2024, indicating a potential shift in the company's profitability dynamics. The most recent data for December 2024 shows a minor increase to 29.68%.
Overall, the pretax margin of CF Industries Holdings Inc has experienced both positive and negative movements, reflecting fluctuations in the company's operational efficiency and cost management strategies. Investors and stakeholders may want to further analyze the drivers behind these changes to assess the company's financial performance and outlook.
Peer comparison
Dec 31, 2024